Finance

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘A(tha)’ to Asia Sermkij Leasing Public Company Limited’s (ASK; A(tha)/Stable) upcoming issue of senior unsecured debentures. The company plans to use the proceeds for debt repayment and working capital. KEY RATING DRIVERSThe senior unsecured debentures are rated at the same level as ASK’s National Long-Term […]

Thailand’s major private power-generating companies’ (genco) investment will rise over the next five years as they transition towards cleaner energy and expand their power generation portfolio, in line with the country’s Power Development Plan, Fitch Ratings says. We expect the average capex and investment spending of the major private power producers in the next five […]

Fitch Ratings expects Thailand’s economic recovery to continue despite slowing growth elsewhere due to its strong external buffers and a rebound in domestic demand and tourism. The overall performance of Thai banks and corporates is likely to continue to improve, although growth will be constrained by high energy costs, according to the Fitch analysts that […]